TeleTech Mexico Awarded Agreement With Aeromexico, Mexico's Largest National Airline

DENVER, Dec 18, 2001 /PRNewswire via COMTEX/ -- TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of customer relationship management (CRM) services and solutions, today announced that TeleTech's Mexican operations have signed an agreement with Aeromexico, Mexico's largest national airline, to provide inbound customer care and reservation services to Aeromexico's Mexican and United States customer base.

Under terms of the agreement, TeleTech will handle customer inquiries regarding reservations and electronic and paper ticket services. In addition, TeleTech will handle customer inquiries for Aeromexico's Club Premier members, its frequent flier program.

Aeromexico currently operates more than 300 flights daily to a variety of destinations including Mexico, the United States, Europe and South America. Aeromexico is a founding member of SkyTeam, the global alliance that unites Aeromexico, Air France, Alitalia, CSA Czech Airlines, Delta and Korean Air.

"At Aeromexico we pride ourselves on developing lifelong customer relationships, and consider excellent customer service one of our key competitive differentiators," said Jose Manuel Diaz de Rivera, Executive Commercial Vice President. "After an extensive review process we selected TeleTech because of their proven ability to partner with large, complex organizations in delivering world class customer relationship management solutions. We are confident that our relationship with TeleTech will continue to differentiate Aeromexico as a leading airline provider focused on customer satisfaction."

"We are delighted to partner with Aeromexico and believe we can continue to build upon their reputation of providing high quality customer care and reservation services," said Mario Mendoza, President and General Manager of TeleTech Mexico. "TeleTech's expertise in delivering consistently high levels of customer satisfaction was instrumental in Aeromexico's decision process. We look forward to a long and successful relationship."

TELETECH PROFILE

Founded in 1982, TeleTech is a leading provider of integrated customer relationship management (CRM) solutions for global organizations predominantly in the communications, financial services, government, technology and transportation industries. TeleTech has operations in twelve countries which include Argentina, Australia, Brazil, Canada, China, Ireland, Mexico, New Zealand, Scotland, Singapore, Spain and the U.S. TeleTech's CRM capabilities including B2B electronic channel management and database management, help companies inform, acquire, serve, grow and retain their customers throughout the entire relationship lifecycle. TeleTech integrates a full spectrum of voice and Internet communications, including e-mail response, "chat" and extensive Web co-browsing capabilities. Information regarding TeleTech Holdings can be found on the Worldwide Web at http://www.teletech.com .

FORWARD LOOKING STATEMENTS

All statements not based on historical fact are forward-looking statements that involve substantial risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, following are important factors that could cause TeleTech's actual results to differ materially from those expressed or implied by such forward-looking statements: TeleTech's ability to predict future revenues and associated costs; lower than anticipated customer interaction center capacity utilization; the loss or delay in implementation of a customer management program; TeleTech's ability to build-out facilities in a timely and economic manner; greater than anticipated competition from new entrants into the customer care market, causing increased price competition or loss of clients; the loss of one or more significant clients; higher than anticipated start-up costs associated with new business opportunities and ventures; TeleTech's agreements with clients may be canceled on relatively short notice; and TeleTech's ability to generate a specific level of revenue is dependent upon customer interest in and use of the Company's clients' products and services. Readers are encouraged to review TeleTech's 2000 Annual Report on Form 10-K, first, second and third quarter 2001 Form 10-Qs, and other publicly filed documents which describe other important factors that may impact TeleTech's business, results of operations and financial condition. TeleTech undertakes no obligation to update its forward-looking statements after the date of this release.

SOURCE TeleTech Holdings, Inc.

CONTACT: Investor Relations, Karen Breen, +1-303-397-8592, Karen.breen@teletech.com, or Dan Campbell, +1-303-397-8634, Dan.campbell@teletech.com, both of TeleTech Holdings, Inc.